Wheaton Precious Metals (TSE:WPM) Price Target Raised to C$100.00

Wheaton Precious Metals (TSE:WPM) had its target price lifted by equities researchers at Eight Capital from C$95.00 to C$100.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Eight Capital’s target price suggests a potential upside of 18.41% from the stock’s previous close.

Separately, Canaccord Genuity Group upped their price objective on Wheaton Precious Metals from C$90.00 to C$100.00 in a research report on Tuesday, July 23rd.

Wheaton Precious Metals Stock Performance

Shares of WPM opened at C$84.45 on Thursday. The stock has a 50-day simple moving average of C$81.82 and a 200-day simple moving average of C$75.59. Wheaton Precious Metals has a 1 year low of C$52.15 and a 1 year high of C$87.37. The stock has a market capitalization of C$38.31 billion, a PE ratio of 49.39 and a beta of 0.71.

Wheaton Precious Metals (TSE:WPM) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.45 EPS for the quarter, topping the consensus estimate of C$0.39 by C$0.06. Wheaton Precious Metals had a net margin of 50.44% and a return on equity of 8.16%. The company had revenue of C$409.19 million during the quarter, compared to analysts’ expectations of C$400.03 million. Analysts predict that Wheaton Precious Metals will post 2.3504155 EPS for the current year.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.